Blue chips push China shares lower

Newswire

SHANGHAI, Jan 27 (Reuters) - China's shares slid nearly 1 percent on Thursday morning as investors cashed out of blue chips such as Shanghai Auto in the run-up to a week-long Lunar New Year market break. Domestic bourses would be closed from Feb. 7 to Feb. 15 for the important annual Spring Festival holidays, with trade resuming Feb. 16. Investors might be switching out of stocks and into safer investments such as bank deposits, especially with markets mired at five-and-a-half year lows ...

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